Google reports third quarter net of $2.97 billion

0.phoneArena
17 Oct 2013, 18:55posted on

Despite a $248 million operating loss that was Motorola's contribution to then third quarter, Google reported net profits for the period of $2.97 billion; that is a 36% increase from the $2.18 billion net profit that Google scored last year. Revenue rose 12% to $14.89 billion and operating income, at $3.44 billion, showed operating margins of 23% Earnings per share rose 34% from $6.53 a share to $8.75...

Yea, plus they are innovating the most in the industry right now with features like always on and specialized hardware. Hopefully that pays off for them and we see increased innovation all around. Plus they've been getting high praise for several different products. 2014 is shaping up to be Android's best year I think. Apple might even end up being super good on their next release (although they are shafting more and more recently). MS...is well MS, so no bets on those guys, even though they just pirated jacked one of the best handset makers on the planet.

I still remember negative comment after negative comment about the Moto X, but tons and tons of reviews praise it as being an outstanding phone. Users and owners love it because it's not just about a spec sheet, it's about tying it all together into a smooth handset. Motorola is finding their groove again and the future looks good. As for Android, it's found it's own. Handsets are there and Google has done a great job since ICS. I think you're right about 2014.

Agreed, Google is doing very well on it's own and Motorola is a good brand but it's too early to tell whether or not they will be a successful business unit of Google. The Moto X is selling well at the big 3 carriers and Moto has plans for a less expensive model of the X for emerging markets.

The big disappointment has been the Droid line at Verizon which is NOT selling well at all with stiff competition from Moto's own X, Samsung's, HTC's, Apple's and even LG's new offerings as well as the Nexus line.

In the last quarter Motorola and Google got a completely new manufacturing plant up and running. Hell, until the last month of the quarter Motorola didn't even really have anything to sell on the carriers. Give them a break.

It adds better quality control. It adds a precedent which Google will follow up on. It adds jobs, which means it helps the economy grow. "Made in America" may not pull patriotic heartstrings in you or me, but it's a huge value add for a lot of average customers. A strong manufacturing core is needed again for the American middle class to reappear. See, if you add a factory that ships 100,000 units a week, that feeds into shipping, parts supply, local food, and human transportation. Now, let's add three or four more around the country, as Google seeks to make one/two day delivery of customized smart phones (and tablets and laptops too) to all corners of the country. Then let's add in more factories as other companies see the value customers seek paying off for Google.

If the Moto X is even moderately successful, Motorola and Google may have just saved the American economy. It may sound like hyperbole, but it's not.

It's actually not that much more expensive than manufacturing the parts in China. As China's standard of living is on the raise. But you are an iDiot. So enjoy that iPhone of yours you overpaid for by a good gross of 30%.

Google bought Moto for its huge patents folio and not for the devices. Since Apple were suing everyone at that time include Google. With Moto patents folio, Google had a huge arsenal with patents to use and Apple wont stand a chance.

Interesting that despite increased costs from opening an entirely new plant and only having a lineup to sell during the last month of the corner, Motorola's losses this quarter were only 15 percent higher than they were for the same quarter last year.

That's because of the massive layoffs they did to get rid of the bad apples. They're in the process of assimilating Motorola and bringing their corporate culture into the company.

Restructuring plans always take time. I'd say by the end of next year will probably be when Motorola will see stable quarterly reports again barring major screwups. I think Dennis Woodside is doing a fine job.

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